China-based payment firm UnionPay International (UPI) has partnered with Thailand-based payment firm National ITMX Co., Ltd (NITMX) to jointly promote the integration of UnionPay payment information with PromptPay.
UnionPay said in a statement on Monday that in the first phase, this collaboration will offer QR code payment for Chinese tourists, enhancing the digital payment experience for Chinese visitors to Thailand.
In the next phase, Thai tourists will be able to scan UnionPay QR codes in China.
Details of the launch dates of both phases will be announced in due course.
Through this partnership, the usage of UnionPay App (YunShanFu) mobile payment in Thailand will expand countrywide across popular travel destinations, including Bangkok, Phuket, and Chiang Mai.
UnionPay App users can use the YunShanFu app to scan the PromptPay QR code to pay as in China and vice versa.
NITMX is also working with other Chinese partners aiming to serve users in both countries.
“We are happy to collaborate with NITMX, the leading payment infrastructure provider in Thailand, to provide enhanced QR Code payment service,
“This partnership allows cardholders with UnionPay enabled wallets and UnionPay App to scan PromptPay QR codes conveniently and securely at all PromptPay acceptance points,” said Larry Wang, Chief Executive Officer, UnionPay International.
“Expanding our QR Code payment network globally remains a key priority for us, and this initiative strengthens our commitment to providing seamless payment experiences,” he added.
Meanwhile, Chatchai Dusadenoad, Managing Director of NITMX, said the firm is delighted to work with a global payment brand like UnionPay.
“UnionPay is part of China’s robust financial ecosystem where the country is at the forefront of developing innovative payment services including QR Code payment, now readily available in all parts of China,” he added.
As Thailand’s leading payment infrastructure provider, he noted NITMX plays a crucial role in driving interoperability and cross-border payment innovation.
According to him, the firm’s collaboration with UnionPay strengthens Thailand’s digital payment ecosystem by enhancing the reach and usability of PromptPay QR Code, ensuring seamless, secure, and convenient cashless transactions for visitors from China and beyond.
“Everyone is familiar with QR Code payment,
“Working with UnionPay adds breadth to payment industry in Thailand, travellers will be able to make cashless payment conveniently and securely in Thailand at any merchants with PromptPay QR Code,” he said.
With acceptance in 183 countries and regions, UPI provides cross-border payment services to the world’s largest cardholder base.
In Southeast Asia, UPI has enabled ATM, POS acceptance, card issuance and e-wallets across all ten countries.
In Thailand, a range of Thailand banks and credit card apps had been enabled to scan UnionPay QR Code including Kplus from Kasikorn Bank, Mbaning from Bangkok Bank, KTC Mobile, ICBC Mobile Banking and BOC Mobile Banking.
NITMX was established to be Thailand’s national infrastructure for empowering innovation and new technology in order to ensure that Thailand payment systems and financial services meet the needs of everyone and the wider economy.
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